The preferred shares you speak of - are their lock-up periods expiring right about this time? I believe that some of the posters on RB have outlined much of the information pertaining to when those are un-locked, and much of that is THIS YEAR, Correct?
So we are likely having to deal with those in this time frame, in addition to others that come up in the next few months for being un-locked.
Now, you are saying that Phil is continuing to give out shares right now, and these that are increasing our OS from 104.7M to 117M are not those shares from all those past deals? - Why doesn't he quit handing out shares? The company has funds to operate on. I saw them in the balance sheet.
The good thing you are trying to say about these new shares being added to the OS is that THESE at least cannot be sold until this time next year, correct? But we still have a big tab running on our OS credit card to deal with next year.
I sure wish the company could quit supplying fuel to keep the share price down. I thought they were stopping this by using cash instead of issuing more shares, but you seem to be telling me that more shares are being given out right here and now.
Now, I have had an extrememly negative viewpoint of the OS increases from the first time I bought NMKT about 2 years ago. I ALWAYS WILL.
I despise dilution. In my first conversation with Rick Lutz, that was the main question stream I put to him. He was quite insulted and went on about how they were buying distressed companies with shares that in a year or two would be of a much higher value, and thus so many less shares would have to be issued to finalize the deals when the time came to settle it out. Well, we all see how that has turned out!!! The exact opposite has happened, and it is biting us in the tushes right now after two years of share price depreciation. Just as I mentioned to Lutz in my first conversation as a reason why I did not feel comfortable holding my shares if that was their plan. He told me that if I didn't like it, SELL. That obviously I was not smart enough about how financing and deals were done to recognize all the value this would bring in.
Well, I did not like the dilution and I did sell.
AND BOY AM I GLAD I DID! I avoided the obvious fall that was coming from the .70s to the .20s. A few months ago I bought back in after the fall seemed to have been priced in. However, they are still working through all those shares which I still despise. So I sell whenever they cannot show that they are going to get it under foot and I buy back when they show that they are getting somewhere. I'm sure this is what everyone else does because everyone knows that that many shares hanging over our heads makes for a bad investment, though Rick Lutz would just say I have no idea how to run a company. - OK.
But I keep my profits, and my money does not lie dead for two years while other shareholders allow NMKT to give their investment capital away while they sit holing the bag hoping and praying that some magic like a new exchange can bring the company out of this slump. WHAT A JOKE!!! Talk about sticking your heads in the sand. A new exchange will do nothing to stop a CEO that acts like teenageer with a credit card full of company shares shopping in a distressed company candy shop. PV will go out and spend away like there is no bill to pay tomorrow. When the retail shareholders all feel the pain of the payments month after month after month.
BTW. I said I sold PART of my position. I would love $1 sometime this month, because I have things I need to do with my investment monies. Not watch them be used to support someone giving shares away on another pipe dream.
AI
